Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with 100+ points for Nifty. EquityPandit predicted that Indian Stock Market would see sharp correction today and exactly same happened. EquityPandit also predicted that BankNifty would enter into negative territory by breaching levels of 18500 and exactly same happened. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open flat to negative for the day. Technically, BankNifty has entered into negative trend and now the trade is in short side. Traders should go short at every positive moves in the market until Nifty breaches levels of 8571 levels on the positive side as it would act as major resistance for Nifty. Chinese Market worries would effect all Asian markets in days to come. FIIs were net sellers of Rs.354.32 crores whereas DIIs were net sellers of Rs.346.71 crores in last trading session. Nifty would see strong support at 8325-8270-8195 whereas strong resistance would be seen at 8420-8455-8505 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8363) The support for the Nifty is 8325-8270-8195 and the resistance to the up move is at 8420-8455-8505 levels.

NSE BankNifty: (18463) The support for BankNifty is at 18270-18199-18080 and the resistance to the up move is at 18600-18640-18756 levels.

BSE Sensex: (27688) The support for the Sensex is at 27600-27470-27363 and the resistance to the up move is at 27875-28012-28115 levels.

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